By Soumya Eswaran
Publication Date: 2026-04-01 12:49:00
Parnassus Investmentsan investment management company, has published the “Parnassus Mid Cap Fund” investor letter for the fourth quarter of 2025. A copy of the letter is available to download here. The fourth quarter of 2025 was the Fund’s consecutive quarter of outperformance, returning 1.17% (net of fees) for the quarter, exceeding the Russell Midcap Index’s return of 0.16%. Performance was supported by investments in the information technology sector and holdings in utilities. During the quarter, the market began to expand beyond artificial intelligence. Year-to-date, the fund returned 12.85% (net of fees), compared to a return of 10.60% for the index. Looking ahead to 2026, the fund is optimistic as mid-cap stocks could drive the market higher if economic growth continues to expand beyond AI. In the event of a market downturn, the Fund believes that its portfolio of leading companies with sound financial positions will provide protection against downside risks. Please also see the fund’s top 5 picks…
